Pacific Perspectives
This biotech stock has jumped nearly 50% in 3 months. Its CEO says business is ‘growing substantially’
It’s been a stellar few months for shares of San Francisco-based biotech company Rigel Pharmaceuticals, which has approved treatments for hematology and oncology — as well as potential new drugs in the pipeline. The stock has…
What this Fed rate cut means for your credit card, mortgage, auto loan, student debt and savings account
The Federal Reserve cut borrowing costs for the second time in a row on Wednesday. Lowering the federal funds rate by a quarter point puts that benchmark in a range between 3.75%-4.00%. The decision comes amid intense pressure from President Donald…
RBA may be done and dusted on rates after ‘ugly’ inflation
The bond market has abandoned all hopes of an interest rate cut by the Reserve Bank of Australia until at least mid-2026 after a red-hot quarterly inflation number raised the possibility that the central bank…
Fed still on track to cut rates again this year, strategists say
Federal Reserve policymakers voted for a 25 basis point cut in the federal funds rate range on Wednesday (Thursday AEDT), though two dissented. One policymaker voted for no change, the other to cut by half…
ASX set to fall; Coles outpaces Woolworths, JB Hi-Fi sales surge
Australian stock futures fell in line with a sharp turn in New York, after Federal Reserve chairman Jerome Powell refused to shift from his cautious outlook on interest rates. Still, US equities settled, and the…
Government shutdown could cost U.S. economy up to $14 billion, CBO says
The shutdown of the U.S. federal government could cost the economy up to $14 billion, depending on how long it lasts, the Congressional Budget Office said Wednesday. The shutdown, now in its fourth week, will result in the…
This investing move is the ‘holy grail of retirement planning,’ advisor says
As open enrollment arrives, millions of Americans face key decisions, such as picking health insurance. If the plan comes with access to health savings account, or HSA, contributions, you could use the funds for long-term investments, experts say. …
MLC sells Australian equities, saying it sees better returns offshore
The nation’s largest for-profit superannuation fund, MLC, has been selling Australian stocks because of stretched valuations, saying there are better returns on offer overseas and in derivatives markets. Chief investment officer Dan Farmer, who oversees…
Rate cut hopes dashed after RBA’s blunt inflation message
Bond traders have rapidly dialled back bets of an imminent interest rate cut in Australia after the Reserve Bank delivered an unexpectedly blunt message on inflation just days before its next board meeting. Speaking in…
ASX to rise ahead of CPI, Apple reach $US4trn mark
Australian shares are set to open modestly higher with more AI news helping pace still further gains in New York, though US benchmarks pared gains into the close. Gold was steadier, albeit modestly lower. Oil…